LIMITED GUARANTEELimited Guarantee • March 11th, 2011 • Citadel Broadcasting Corp • Radio broadcasting stations • Delaware
THIS LIMITED GUARANTEE, dated as of March 9, 2011 (this “Limited Guarantee”), by Crestview Partners II, L.P., Crestview Partners II (TE), L.P., Crestview Partners II (PF), L.P., Crestview Partners II (FF), L.P., Crestview Partners II (FF Cayman), L.P., Crestview Partners II (Cayman), L.P. and Crestview Partners II (892 Cayman), L.P. (the “Guarantors”, and each, a “Guarantor”) and, solely for purposes of Section 18 hereof, Crestview Radio Investors, LLC (the “Crestview Investor”), is made in favor of Citadel Broadcasting Corporation, a Delaware corporation (the “Company”). Reference is hereby made to that certain Agreement and Plan of Merger, dated as of the date hereof (such agreement, the “Merger Agreement”), by and among the Company, Cumulus Media Inc., a Delaware corporation (“Parent”), Cadet Holding Corporation, a Delaware corporation and wholly owned Subsidiary of Parent (“Holdco”), and Cadet Merger Corporation, a Delaware corporation, and a wholly owned Subsidiary of Holdco and i
